Ruspetro Sees Siberian License Extended

Western Siberia-focused Ruspetro announced Monday that its Palyanovo license has been extended by the Russian Federal Subsoil Resources Management Agency until the end of the economic life of the field. The license had been due to expire in December 2015.

Ruspetro, through its wholly-owned subsidiaries OJSC INGA and OJSC Trans-Oil, holds the Pottymsko-Inginsky, Vostochno-Inginsky and Palyanovo licenses, which cover some 450 square miles of the Khanty-Mansiysk region of Western Siberia.

Ruspetro also announced Monday that a claim previously filed against its OJSC INGA subsidiary by Schlumbeger Logelco for an amount of $7 million has been dismissed in full by the International Commercial Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation. As a result of this ruling in favor of OJSC INGA, Ruspetro said that Schlumberger must compensate its legal fees associated with the protection of its interests in the court.

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Undiscovered Oil, Gas Resources in Bar... (Apr 25)
 -  Petrofac Secures $70MM Services Contra... (Apr 25)
 -  CEO: Another Year of Activity Decline ... (Apr 25)
 -  Petronas Awards 'Key' Offshore Contrac... (Apr 24)
 -  Genel Energy Appoints New Chairman (Apr 24)


Most Popular Articles

From the Career Center
Jobs that may interest you
Cargo Treat Specialist for Fuels
Expertise: Logistics Management|Supply & Distribution|Supply Chain Management
Location: Denver, CO
 
Well Completions Engineer/Supervisor
Expertise: Drilling Engineering|Fracturing|Petroleum Engineering
Location: Houston, TX
 
Contracts Administrator
Expertise: Contracts Engineer|Supply Chain Management
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $51.68/BBL 0.27%
Light Crude Oil : $49.25/BBL 0.74%
Natural Gas : $3.24/MMBtu 3.18%
Updated in last 24 hours